Posts by Liam Redmond
Sinopec plans to cut crude runs by over 10% on Middle East supply squeeze: sources
The refiner will focus on maximising fuel output at the expense of petrochemicals production Published Fri, Mar 13, 2026 · 07:06 PM [SINGAPORE] China’s Sinopec, the world’s biggest refiner by capacity, aims to cut throughput this month by more than 10 per cent from its original plan in response to a crude supply gap caused…
Read MoreHong Kong proposes easing rules for dual-class share listings in competitiveness push
Published Fri, Mar 13, 2026 · 05:59 PM [SINGAPORE] Hong Kong’s stock exchange has proposed lowering market value thresholds for companies seeking to use a dual-class share structure – a move that could add momentum to a boom in share sales in the Asian financial hub. The Stock Exchange of Hong Kong Limited, a unit…
Read MoreElevated crude prices rein in Singapore shares performance; STI down 0.3%
Decliners beat gainers 313 to 266 across the broader market, with 1.4 billion securities worth S$1.8 billion transacted [SINGAPORE] Elevated crude prices reined in the performance of Singapore shares on Friday (Mar 13) as the Strait of Hormuz – the passageway that handles a fifth of the world’s oil used for transportation – remains effectively…
Read MoreBYD to launch new premium EV in Europe that can charge in minutes
Denza Z9GT highlights Chinese EV makers’ edge over European rivals in next-generation car technology Published Fri, Mar 13, 2026 · 05:14 PM [LONDON] BYD said on Friday (Mar 13) it will launch a premium electric vehicle in Europe next month that can charge in just minutes, far faster than anything on the market today, as…
Read MoreHSBC, Standard Chartered to get stablecoin licenses in Hong Kong
The city has been pushing ahead with ambitions to become a crypto hub through a series of regulatory measures first announced in 2022 Published Fri, Mar 13, 2026 · 02:07 PM [HONG KONG] HSBC Holdings and Standard Chartered are set to be among the first licensed stablecoin issuers in Hong Kong, giving two of the…
Read MoreHow early-morning routines work for business leaders
For some CEOs, beginning the day at the crack of dawn gives them some protected time before work demands flood in [SINGAPORE] At 5 am, the Central Business District is still empty – but a small group of company heads are already up and about. This is when they exercise, reflect, plan or gain a…
Read MoreAlibaba debuts OpenClaw app to feed China’s agentic AI addiction
Published Fri, Mar 13, 2026 · 01:44 PM [HONG KONG] Alibaba Group Holding launched a dedicated mobile app claiming to help users install and deploy OpenClaw within minutes, stepping up a battle between China’s tech leaders to profit off the viral agentic AI assistant. “JVS Claw” helps iOS and Android smartphone users without coding knowledge…
Read MoreOil heads for weekly gains despite US sanctions waiver on Russian oil
Published Fri, Mar 13, 2026 · 01:26 PM [SINGAPORE] Oil prices headed for weekly gains as of Friday, despite the US trying to ease supply concerns by issuing a 30-day license for countries to buy Russian oil and petroleum products stranded at sea. Brent futures for May rose 10 cents, or 0.1 per cent, to…
Read MoreSoftBank’s PayPay keeps dual listing on table after solid US IPO
Published Fri, Mar 13, 2026 · 01:24 PM [TOKYO] SoftBank Group-backed PayPay is open to a dual listing with a presence on Tokyo’s bourse, its chief said after the digital payments company’s US$880 million trading debut in New York. American Depositary Receipts of Japan’s dominant payments app rose 14 per cent to close at US$18.16…
Read MoreAir freight rates soar as Middle East conflict blocks trade routes
Published Fri, Mar 13, 2026 · 12:47 PM AIR freight rates have risen by as much as 70 per cent on some routes since the start of the US-Israeli war on Iran, data shows, as the conflict limits flights, blocks some ocean shipments and pushes up jet fuel costs. Rates on routes between South Asia…
Read MoreSGX stocks that survived the market sell-off
Some stand to benefit from the conflict, while others have fundamentals too strong to suppress [SINGAPORE] Stock markets around the world have been pummelled since war broke out in Iran on the last day of February, with the Singapore Exchange (SGX) being no exception. Aviation was an example, with many airline stocks getting hit. On…
Read More‘Singapore is a priority’: Data centre giant AirTrunk to treble its workforce here to nearly 350 by 2030
The hyperscale specialist aims to treble headcount in the Republic to nearly 350 by 2030 [SINGAPORE] Australian data centre player AirTrunk is betting big on Singapore. Its billionaire founder and chief executive Robin Khuda said that the company has invested roughly S$3 billion to date and that if there is an opportunity, “we have the…
Read More